Powerleague five-a-side foPowerleague five-a-side football firm to closotball firm to close 13 sites

About 4 Months, 3 Weeks, 3 Days, 13 Hours, 41 Minutes ago.

Five-a-side football operator Powerleague has put forward a rescue plan that will result in the closure of 13 sites and the loss of 109 jobs.
The company plans the changes through an insolvency procedure known as a company voluntary arrangement (CVA).
It has suffered three years of falling revenues and has failed to raise sufficient funds to pay for leases.
Powerleague operates 440 football pitches at 50 sites across the UK and Ireland, employing over 580 people.
"Without an approved CVA, Powerleague will not be able to secure the additional funds that the business needs and will most likely result in the company going into administration," the company said.